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Wall Street Journal: Trump expresses displeasure with Mnuchin

Treasury Secretary Steve Mnuchin is the latest member of Donald Trump's Cabinet to be the focus of the Presi...

Posted: Nov 25, 2018 1:10 PM
Updated: Nov 25, 2018 1:10 PM

Treasury Secretary Steve Mnuchin is the latest member of Donald Trump's Cabinet to be the focus of the President's ire, the Wall Street Journal reported Friday, citing people familiar with the matter.

Trump is blaming Mnuchin for the recently volatile markets and the Federal Reserve's decisions to raise interest rates, those people told The Wall Street Journal.

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The Fed has been gradually raising rates for three years -- a move to restore levels following the financial crisis. However, Trump has been vocally opposed to the Fed's raises and has called the central bank his "biggest threat." People close to the White House told the Journal that Trump chose Jerome Powell to run the Fed in part on Mnuchin's recommendation.

According to The Wall Street Journal's report, Trump has been concerned that rising interest rates will stunt economic progress ahead of the 2020 election.

The paper also reported that Trump has blamed Mnuchin for the market's latest turbulence.

"If he's so good, why is this happening?" a person familiar with the matter told the Journal.

Trump, apparently responding to the report, publicly voiced support for Mnuchin on Twitter Friday evening.

"I am extremely happy and proud of the job being done by @USTreasury Secretary @StevenMnuchin1. The FAKE NEWS likes to write stories to the contrary, quoting phony sources or jealous people, but they aren't true. They never like to ask me for a quote b/c it would kill their story," Trump wrote.

The report comes as Trump has considered shuffling his Cabinet. CNN reported earlier this month that multiple sources inside and outside the Trump administration said that an all-but-certain shakeup is quietly underway at the White House. In particular, chief of staff John Kelly and Department of Homeland Security Secretary Kirstjen Nielsen could be replaced in the near future.

Trump acknowledged possible changes earlier this month.

"Administrations makes changes, usually, after midterms. And probably we'll be right in that category as well," Trump said at the time. "I think it's very customary."

Mississippi Coronavirus Cases

Data is updated nightly.

Cases: 145636

Reported Deaths: 3745
CountyCasesDeaths
DeSoto963299
Hinds9584195
Harrison6848109
Jackson6124118
Rankin528598
Lee484295
Madison4633105
Forrest368186
Jones345287
Lauderdale3350143
Lafayette315049
Washington3097107
Lamar281849
Oktibbeha239261
Bolivar239083
Lowndes228863
Neshoba2164115
Panola211749
Marshall208350
Leflore200890
Pontotoc194728
Monroe190277
Sunflower189755
Lincoln186165
Warren172257
Tate164251
Union160925
Pike160458
Copiah158940
Yazoo151239
Scott150229
Itawamba147634
Coahoma147443
Pearl River144467
Simpson144253
Alcorn143925
Prentiss140429
Grenada136945
Adams136548
Leake131843
Holmes124961
George122224
Tippah121530
Covington117636
Winston116624
Wayne115823
Hancock114139
Marion111046
Attala107833
Tishomingo106142
Newton102729
Chickasaw102432
Tallahatchie95527
Clarke88553
Clay87027
Jasper81122
Walthall75028
Stone72414
Montgomery71925
Calhoun71613
Carroll70614
Lawrence70214
Yalobusha69427
Noxubee69217
Smith68816
Perry65225
Tunica59619
Greene58422
Claiborne57416
Jefferson Davis54217
Humphreys52618
Amite51214
Benton48417
Quitman4796
Webster42014
Kemper40917
Wilkinson38622
Jefferson33811
Franklin3235
Choctaw3077
Sharkey30617
Issaquena1114
Unassigned00

Alabama Coronavirus Cases

Cases: 236865

Reported Deaths: 3472
CountyCasesDeaths
Jefferson31043491
Mobile19446360
Tuscaloosa12684150
Madison12528146
Montgomery12122235
Shelby992276
Baldwin837684
Lee759765
Morgan626247
Calhoun6049113
Etowah600564
Marshall596153
Houston510838
DeKalb469635
Cullman421136
Limestone408844
St. Clair403955
Elmore398961
Lauderdale387253
Walker356199
Talladega339044
Jackson302524
Colbert297641
Blount282236
Autauga266139
Franklin246233
Coffee236615
Dale228454
Dallas222331
Russell21923
Chilton218537
Covington215933
Escambia196931
Tallapoosa171790
Chambers171448
Pike156014
Clarke155319
Marion135535
Winston126623
Lawrence123936
Geneva11848
Pickens117618
Marengo117424
Barbour116710
Bibb115717
Butler114341
Randolph100321
Cherokee99624
Hale93231
Washington89918
Clay89623
Fayette86216
Henry8436
Lowndes78929
Monroe77911
Cleburne75614
Macon71720
Crenshaw70330
Bullock69019
Conecuh68214
Perry6726
Lamar6337
Wilcox62818
Sumter56222
Choctaw41813
Greene41317
Coosa3144
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